NBCUniversal Will Lay Off 500 Employees Due to Budget Cut

November 13, 2012 06:44:54 GMT

The media company is reportedly cutting about 1.5 percent of its total workforce from various divisions.

NBCUniversal Will Lay Off 500 Employees Due to Budget Cut
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Another wave of layoffs is likely coming within NBCUniversal. A source says the media company is going to cut a total of 500 employees or 1.5% of its total workforce as a part of cost-cutting effort.

The decision will affect various TV divisions of NBCUniversal, including NBC, Syfy, USA, G4, E! and Bravo. The company reportedly didn't give individual divisions a target of a number of layoffs, but asked them to eliminate inefficiencies and duplications among staffs at various departments before year's end.

Back in August, NBC's "The Tonight Show with Jay Leno" had to let go around 20 staffers as a part of budget cut. Later in October, G4 network canceled "Attack of the Show!" and "X-Play" which led to the departures of several dozen employees.

NBCUniversal has been trying to trim down its cost following the Comcast merger. The company refused to comment on the issue.


Post Your Comments

posted by spiris333 on Nov 13, 2012
So much for a bettering economy, but half of us knew that obama was lying anyway, and now the other half will see the truth, but it's too late to matter.
posted by LittleStream on Nov 13, 2012
Just remember every person laid off hurts the economy!
posted by JJ on Nov 13, 2012
Crap network since Universal took over.

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